Business: German Bonds

The collapse of the extraordinary rise
in prices for German Government internal bonds, long predicted by
Wall Street, has at this writing apparently occurred.

When the German mark descended to practical worthlessness, German
national and municipal mark bonds naturally went down with it. In almost all
financial centers they were considered merely amusing
souvenirs. Bond dealers, when selling them, would count them very
carelessly, and sometimes throw in 1,000,000 marks in bonds for good
measure.

Suddenly last summer, a powerful buying movement set in, under which the
worthless securities rose amazingly in...